AvePoint(AVPT)

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AvePoint Announces Redemption of Outstanding Public Warrants
Globenewswire· 2025-07-16 20:05
JERSEY CITY, N.J., July 16, 2025 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced that it has completed the redemption of its publicly traded warrants (the “Warrants”) to purchase shares of AvePoint’s common stock, $0.0001 par value per share (“Common Stock”), that were issued under the Warrant Agreement, dated September 16, 2019, by and between AvePoint’s predecessor company, Apex Technology Acquisition Corporation (“Apex”), and Con ...
AvePoint to Announce Second Quarter 2025 Financial Results on August 7
Globenewswire· 2025-07-15 20:05
JERSEY CITY, N.J., July 15, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance, and resilience, will report its second quarter 2025 financial results after the US financial markets close on Thursday, August 7, 2025. The Company will host a conference call at 4:30pm ET on Thursday, August 7, 2025. CEO and Co-Founder Dr. Tianyi Jiang (TJ) and CFO Jim Caci will provide an overview of Q2 2025 results, discuss current business trends, and conduct a question-and-answe ...
All You Need to Know About AvePoint (AVPT) Rating Upgrade to Buy
ZACKS· 2025-07-09 17:00
Investors might want to bet on AvePoint, Inc. (AVPT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...
AvePoint Confidence Platform Adds New ROI and Resilience Command Centers Plus Agentic AI Security to Drive Operational Excellence
Globenewswire· 2025-06-24 13:00
New features include debut of the Optimization and ROI Command Center, Resilience Command Center, and scalable security for agentic AIJERSEY CITY, N.J., June 24, 2025 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced significant updates to the AvePoint Confidence Platform, including the launch of two new Command Centers – the Optimization and ROI Command Center and the Resilience Command Center – along with expanded agentic AI governa ...
AvePoint Launches New Advanced Security and Optimization Features to Elements Platform
Globenewswire· 2025-06-17 13:00
Newest features enable MSPs to maximize their margins, minimize client risk, and accelerate profitable growthJERSEY CITY, N.J., June 17, 2025 (GLOBE NEWSWIRE) -- AvePoint (NASDAQ: AVPT), the global leader in data security, governance and resilience, today announced new capabilities for the AvePoint Elements Platform that enable managed service providers (MSPs) to enhance data security offerings, streamline IT management, and provide optimization services at scale. Through seamless marketplace integration, d ...
AvePoint (AVPT) FY Conference Transcript
2025-06-04 14:00
Summary of AvePoint (AVPT) FY Conference Call - June 04, 2025 Company Overview - AvePoint is the largest SaaS data governance and security player in the Microsoft Office cloud ecosystem, focusing on unstructured data, which constitutes 80% of all data [4][5] - The immediate addressable market is estimated at $19 billion, covering governance, risk, compliance, data replication, and protection [5][6] Core Business and Strategy - AvePoint operates a singular SaaS platform with 15 instances running in Microsoft Azure, GCP, and AWS, emphasizing a multi-cloud strategy [9][10] - The platform includes three major areas: resiliency (backup as a service), control (data governance), and modernization (data analytics, integration, migration) [11][13] - Resiliency accounts for over 50% of recurring revenue, while control is the fastest-growing suite due to AI deployments [11][13] - The company aims to reduce service revenue from 20% to under 10% to focus on recurring revenue streams [16] Market Position and Competitive Landscape - AvePoint differentiates itself by providing a vertical stack solution within the Microsoft ecosystem, unlike competitors like Commvault and Varonis, which take a horizontal approach [44][45] - The company serves a diverse customer base, with 53% of recurring revenue from companies with over 5,000 employees and 47% from small to medium-sized businesses [18] - The competitive landscape is described as complex, with multiple point competitors, but AvePoint maintains a unique position due to its comprehensive data management solutions [17][48] Financial Performance - Total ARR growth of 26% year-over-year, with net new ARR of $18.5 million, reflecting 85% year-over-year growth [24][25] - SaaS revenue increased by 34% on a constant currency basis, and total revenue rose by 25% [25] - Gross retention stands at 89%, and net retention is at 111%, with targets to improve these figures [27] - Operating margin is reported at just under 14.5%, with a strong start to the year [28] Growth Potential and Future Outlook - AvePoint aims for a long-term target of $1 billion in ARR with a 25% CAGR [21] - The company is focused on profitable growth, with improvements in gross margins from 72% to nearly 76% [35] - Capital allocation strategy includes investing in business growth, pursuing M&A opportunities, and share repurchases [39][40] Customer Engagement and Value Proposition - AvePoint emphasizes the importance of data governance and quality in the context of AI and security, positioning itself as an advocate for customers navigating multi-cloud environments [54][55] - The company has established a strong relationship with Microsoft, leveraging its position within the ecosystem while addressing customer needs for diverse data management solutions [52][56] Key Takeaways - AvePoint's diversified approach across industries and customer segments is a significant strength, allowing for scalability and resilience in a competitive market [30][61] - The company has successfully built a global organization with a focus on profitable growth, setting the stage for future expansion and innovation [62][63] - Continuous investment in technology and customer relationships is crucial for maintaining competitive advantage in the evolving landscape of data management and governance [40][65]
AvePoint(AVPT) - 2025 FY - Earnings Call Transcript
2025-05-29 19:25
Financial Data and Key Metrics Changes - Total Annual Recurring Revenue (ARR) growth was 26%, or 28% when adjusted for foreign exchange, both representing accelerations compared to Q4 [15][65] - Revenue growth was 25%, or 27% on a constant currency basis, with record growth in net new ARR [15][65] - Non-GAAP operating margin in Q1 was approximately 14.5%, with expectations to maintain similar margins for the year [16][65] Business Line Data and Key Metrics Changes - The company has three major suites: resilience, control, and modernization, designed to manage unstructured data throughout its lifecycle [4][8] - The resilience suite focuses on data continuity and lifecycle management, while the control suite implements access controls and user lifecycle management [5][6] - The modernization suite facilitates data migration from legacy systems, retaining data fidelity [8][57] Market Data and Key Metrics Changes - Approximately 11% of the company's ARR is tied to the federal government globally, with only about 2% of total ARR exposed to agencies affected by the Doge situation [18][19] - The demand environment remains healthy, with organizations prioritizing spending in areas that drive value, despite macroeconomic uncertainties [12][66] Company Strategy and Development Direction - The company aims to help organizations with unstructured data management and security, emphasizing the importance of data governance in the context of AI capabilities [3][22] - The strategy includes expanding into the Google Cloud ecosystem and enhancing partnerships with managed service providers (MSPs) [41][45] - The company is focused on geographic expansion, strategic mergers and acquisitions, and scaling its channel strategy to support long-term growth targets [49] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing macroeconomic uncertainty but believes the company is well-positioned to address high-priority issues for clients [12][14] - The pipeline for new business remains positive, indicating continued momentum in performance [14][66] - The company is optimistic about the upcoming EU data regulation and its implications for data governance and privacy [28][78] Other Important Information - The company has built over 30 connectors to legacy systems and other cloud sources, enhancing its ability to manage data across multiple environments [8][57] - The company is actively working on integrating its platform with first-party products like Microsoft Purview and Google Workspace to enhance data governance [24][75] Q&A Session Summary Question: What exposure does the company have to the public sector and the Doge situation? - The company has about 11% of its ARR tied to the federal government globally, with only about 2% of total ARR exposed to agencies affected by Doge, which has been accounted for in their guidance [18][19][68] Question: How does the company differentiate itself from Microsoft's governance tools? - The company's system adds an additional dimension of controls that augment Microsoft's capabilities, addressing specific business scenarios and regulatory requirements [32][83] Question: What is the company's pricing model? - The primary pricing model is per seat, with some cases of capacity or consumption-based pricing as the company transitions to new models [34]
AvePoint (AVPT) Conference Transcript
2025-05-29 18:30
AvePoint (AVPT) Conference Call Summary Company Overview - **Company**: AvePoint (AVPT) - **Industry**: Data governance and data security software Key Takeaways 1. **Consistent Performance**: AvePoint has achieved nine consecutive quarters of outperformance, indicating strong business momentum [2] 2. **Growth Metrics**: The company reported double-digit growth across its enterprise segment (companies with over 5,000 employees), mid-size, and SMB (500 employees and below) [2] 3. **Geographic Performance**: - North America accounts for 43% of recurring revenue - EMEA contributes over 30% - APAC represents over 20%, with Japan being the fastest-growing country [2][3] 4. **APAC Growth**: The APAC region has seen SaaS growth exceeding 40%, with a strong focus on localizing services to meet regional demands [4][5] 5. **AI Readiness**: The fastest-growing vertical is AI readiness data governance and control, reflecting strong demand in this area [3] Regional Insights 1. **Japan**: - AvePoint has been operating for over ten years, establishing itself as a local vendor - The company is seeing growth in the SMB sector due to increased cloud adoption driven by GenAI [5][6] 2. **Singapore**: - 12% of revenue comes from services, primarily in Singapore, leveraging government contracts for IP generation [7] 3. **North America**: - The company is transitioning from a direct sales approach to a channel-focused strategy, which is expected to enhance market penetration [11] - The public sector represents 25% of the business, with strong performance in defense and local government sectors [13][14] Financial Performance 1. **Profitability Goals**: AvePoint aims to achieve GAAP profitability by the end of FY 2025 and has already reached GAAP profitability a year ahead of schedule [20] 2. **Rule of 40**: The company is on track to achieve the Rule of 40 by the end of FY 2025, which combines growth and profitability metrics [19][21] 3. **Cash Position**: AvePoint has approximately $350 million in cash, indicating strong cash flow generation and no immediate need for external financing [42] Competitive Landscape 1. **Market Position**: AvePoint does not face a singular competitor but rather point competitors across different segments and geographies [38] 2. **Product Strategy**: The company emphasizes a platform approach, aiming to sell multiple products to increase customer stickiness and net revenue [39][40] Capital Allocation Strategy 1. **Investment Focus**: The company plans to invest in staffing, technology, and potential M&A opportunities, with a focus on acquiring innovative technology rather than revenue [45][48] 2. **Share Repurchase Program**: AvePoint has a program in place to repurchase up to $150 million worth of stock over the next three years [47] AI and Data Governance 1. **AI Integration**: The company emphasizes the importance of proper data governance before deploying AI solutions to mitigate risks associated with data mismanagement [28][30] 2. **Collaboration with Microsoft**: AvePoint has a long-standing partnership with Microsoft, positioning itself as a complementary player within the Microsoft ecosystem [32][34] Conclusion - AvePoint is well-positioned in the data governance and security market, demonstrating strong growth across various regions and sectors. The company's focus on AI readiness, strategic partnerships, and disciplined capital allocation are key drivers of its ongoing success.
AvePoint to Participate in June Investor Conferences
Globenewswire· 2025-05-15 20:05
JERSEY CITY, N.J., May 15, 2025 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the global leader in data security, governance and resilience, today announced that members of the Company’s executive management team will present at the William Blair 45th Annual Growth Stock Conference in Chicago, Illinois. The presentation is scheduled for Wednesday, 6/4, at 8:00am CT. In addition, AvePoint will attend the following investor conferences: Baird 2025 Global Consumer, Technology & Services Conference (New York, NY ...
AvePoint, Inc. (AVPT) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-08 23:00
AvePoint, Inc. (AVPT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.06 per share when it actually produced a loss of $0.04, delivering a surprise of -166.67%.Over the last four quarters, the company has ...